Wärtsilä and the US company Gerhardt Holding Co., Inc. have closed the transaction transferring the service business of Gerhardt to Wärtsilä. The business focuses on servicing control and automation equipment for gas and diesel engines. The operations to be acquired have annual net sales totalling approximately EUR 24.5 million and 128 employees. The purchase price is EUR 8.6 million. The company is strongly positioned regionally in the Gulf of Mexico and on the east and west coasts of the USA.

The business will be consolidated to Wärtsilä as of 1st of December 2005.

About Wärtsilä

Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.